asked the President of the Board of Trade whether in view of three defaults within 30 years on British pre-war loans to Brazilian public authorities, followed by the unacceptable unilateral 1934 arrangement imposed upon British investors by the Brazilian Government and the exchange restrictions upon payments for British exports to Brazil, he will inform the Brazilian Financial Mission that these experiences discourage the extension of British trade arrangements with Brazil?

I can assure my hon. Friend that these facts are not being overlooked in the discussions which are proceeding with the Brazilian Financial Mission now in London.